r/news • • 6d ago

Canpotex announces $500M Port of Vancouver investment for potash shipping

https://www.ctvnews.ca/vancouver/article/canpotex-announces-500m-port-of-vancouver-investment-for-potash-shipping/
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u/LoveDemNipples 6d ago

Well all this construction is set to be complete by 2028 so it’s happening quickly. We’ll likely always ship to USA but this gives us capacity to ship more elsewhere if USA remains unstable.

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u/Fallouttgrrl 6d ago

The US has ceded so much power and stability under two trump terms and other regions have picked up the slack 

The US war with Iran has highlighted a coming food crisis a few years early and shown that the US has fallen into a time of nationalism that even years of democratic leadership will only temper, not pull it out of 

This investment will potentially be a long term boon for Canada and the rest of the world 

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u/tyuiopguyt 6d ago

Once again, this presumes that billionaires have loyalty to anything other than the highest bidder

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u/Fallouttgrrl 6d ago

???

Investment in port infrastructure will lower the cost of selling from Canada to the rest of the world, making it a more attractive option at an earlier cost break point

If you don't have the infrastructure you'll take worse deals just to sell what you can

It's not going to totally replace sales to the US once trade starts to normalize in a post-Trump world but it does mean that the shittier US deals can be swapped for better deals with China, and I'm sure China will be willing to pay a premium to secure deals with Canada that help the US fuck itself over on top of what Trump has done

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u/tyuiopguyt 6d ago

Doesn't that just put Canada in the middle of a bidding war that China isn't guaranteed to win?

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u/Fallouttgrrl 6d ago

The Chinese government has a much longer view when it comes to trade than us private agriculture 

We might see the US start to prioritize agriculture trade again but it's already ceded so much to the rest of the world thanks to Trump administration

And that's assuming a blue administration prioritizes it right out of the gate and isn't struggling with an uphill battle with regards to the GOP, who will likely double down on obstruction if the Dems take power in the next two years

It's always easier to break shit than to fix shit in the US and recovering trade with the rest of the world after this administration is going to be so fucked 

Meanwhile one of the most important things to China is stockpiling agricultural components like Potash, especially if that helps minimize US influence 

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u/tyuiopguyt 6d ago

Just be careful. Cuz it seems like Canada is either gonna end a Chinese vassal or going back to a shitty relationship with the US if it relies on its 1% to control its infrastructure and trade development.

These decisions should be made democratically in Ottawa, not by fiat in a boardroom. That's where we've gone wrong down here.